Cromwell Holdings LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Cromwell Holdings LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 75.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,276 shares of the utilities provider's stock after selling 3,958 shares during the quarter. Cromwell Holdings LLC's holdings in NextEra Energy were worth $90,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cim LLC raised its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after acquiring an additional 158 shares in the last quarter. Conning Inc. raised its holdings in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after acquiring an additional 160 shares in the last quarter. Wealth Dimensions Group Ltd. raised its holdings in shares of NextEra Energy by 4.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after acquiring an additional 161 shares in the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after acquiring an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its holdings in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock valued at $427,000 after acquiring an additional 168 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.73.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Down 0.4%

Shares of NEE traded down $0.29 during mid-day trading on Friday, hitting $74.35. 8,094,042 shares of the company traded hands, compared to its average volume of 11,113,073. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $153.06 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. The business has a 50 day moving average of $71.35 and a 200 day moving average of $70.24.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.05%. NextEra Energy's dividend payout ratio is currently 85.02%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.